Series 7 - General Securities Representative Exam

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A customer wants to sell their stock at the last price at the end of the trading day; and not before the end of the day. Which of the following order types should the customer use?

MOC
A
AON
B
FOK
C
IOC
D

Explanations

MOC - Market On Close order. This is used when a trader wants to get the last price of the day (or very close to it). There is no specified price attached to the order

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